Link Financial Debt Settlement Offer – How Much To Pay?
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
Table of Contents
- Do you have to pay Link Financial? Jump
- Who is Link Financial? Jump
- Is Link Financial a legitimate debt recovery business? Jump
- Can you ignore Link Financial? Jump
- What should you do when Link Financial contacts you? Jump
- What counts as a statute-barred debt? Jump
- Can you ask Link Financial to prove the debt is yours? Jump
- What is a fair Link Financial debt settlement offer? Jump
- How do you contact Link Financial Limited? Jump
- What debt advice is available in the UK? Jump
- Lastly, Link Financial debt settlement offer – how much to pay? Jump
Did a debt collector propose a settlement figure? Was it from a company called Link Financial? If so, you may want to find out if you should accept it. I explain why you might want to question a Link Financial Debt settlement offer in my post!
Check out the paragraphs below to find out more!
Do you have to pay Link Financial?
You might not have to pay Link Financial.
If you genuinely can’t afford your debt repayments then looking into whether you could have your written off might be just what you need.
If you want to find out whether you qualify for having debt written off or payments lowered then fill out the short form below.
Who is Link Financial?
Link Financial is one of the many debt recovery companies that operate in the UK. The company trades under the name Link Financial Limited and chases debts for other UK companies, businesses and organisations. This includes high-street retailers.
Is Link Financial a legitimate debt recovery business?
Yes. Link Financial Limited is a legitimate debt recovery business regulated by the Financial Conduct Authority (FCA). They are also a member of the Credit Services Association (CSA) which means they should follow the CSA Code of Practice.
That said, Link Financial has earned a bad reputation with the people they contact! That said, many of the online reviews are not verified!
Can you lower your repayments?
If you’re struggling to pay back your debt, then you might qualify for a debt solution.
Some solutions lower your monthly payments while others write off a portion of your debt.
To find out whether they could work in your situation, hit the button below.
Can you ignore Link Financial?
No. It’s never a good idea to ignore calls or letters from a debt collector. It could lead to the following:
- Link Financial is beginning legal proceedings against you which you’d not be aware of
- Having a County Court Judgement (CCJ) registered on your credit history without you knowing it
- Dealing with court-appointed enforcement officers showing up at your home and seizing some of your possessions
- Missing out on a settlement offer from Link Financial or having some of the debt wiped off
Moreover, when you ignore calls or letters from Link Financial, you may never find out the debt is too old to enforce!
What should you do when Link Financial contacts you?
There are things you should do before you admit, agree, sign, or pay any money over to Link Financial. For instance, you need to check if the debt collector is chasing the right person!
Next, you should check whether the alleged debt is still enforceable. Why? Because debts that are at least 6 years old become statute-barred. It means courts won’t entertain hearing cases that involve debts that are that old or older!
Moreover, you can’t be forced to pay and you won’t get a CCJ registered on your credit file!
Debt recovery companies are notorious for buying older debts for nothing and then attempting to get people to pay!
Check out what happened to one person over an older student loan!
Source: Moneysavingexpert
What counts as a statute-barred debt?
Older debts that are at least six years old or more are deemed statute barred but only if the following applies:
- No payment was made towards a debt in the last six years
- There was no contact with the original creditor at that time
- No admission of liability was made in the last six years
- There’s no current CCJ issued relating to the specific debt
You should seek advice from a debt charity if you are in any doubt whether the debt you’re being chased for is statute-barred.
Also, although a debt is statute-barred, it still exists and could show on your credit file. But thanks to the Limitations Act 1980, a debt collector can’t force you to pay!
Can you ask Link Financial to prove the debt is yours?
Yes. Once you’ve established the debt is not statute-barred, you should ask Link Financial to prove you owe the money! So before you do anything else, write to the debt collector and ask them to send you evidence that you owe the money!
When a debt collector can’t prove you owe any money on a debt, you’re under no obligation to pay them!
What is a fair Link Financial debt settlement offer?
A fair debt settlement offer depends on what you can afford to pay and your circumstances. In general, a fair debt settlement offer means paying 75% of the debt’s value.
For example, if the debt is £2,000, a fair settlement figure would be £1,500.
You should seek advice from a debt charity if Link Financial refuses to take into account your circumstances and the amount you can afford to pay. Moreover, debt collectors must give you the time to assess all your options!
When should you accept and pay a Link Financial debt settlement?
You shouldn’t accept or pay any money over to Link Financial until you get their acceptance of a settlement figure in writing. You may be told over the phone that a settlement is agreed on which is not good enough!
An unscrupulous debt recovery company may take a payment but claim they never agreed to the settlement figure!
Also worth noting is that if a settlement figure is agreed upon and you miss payment dates, the agreement may be null and void!
How do you contact Link Financial Limited?
I’ve listed the contact details for Link Financial Ltd here:
| Company Name | Link Financial Outsourcing |
| Other Names | Link Financial |
| Address | Link Financial Outsourcing Limited, PO Box 107, Caerphilly CF83 3GG |
| Tel number | 0800 064 4499 |
| Company website: | https://www.linkfinancial.eu/ |
| Email address | [email protected] |
| Numbers used to call you | 02920853500 02920808685 |
What debt advice is available in the UK?
There are several debt charities in the UK that provide free, impartial advice to people who are struggling to clear their debts. You can seek their advice if you need help with a Link Financial Debt settlement offer.
I’ve listed some of the main debt charities here:
“It will only get worse” 😩
It’s cliché to say, but with debt it’s true; the longer you leave it, the worse the problem gets.
There are straightforward and effective ways to deal with debt, but you have to know your options.
Fill out the short form to find out about the debt solutions that could reduce your monthly payments or even write off some of your debt.
Lastly, Link Financial debt settlement offer – how much to pay?
You should aim to offer as much as you can realistically afford. Moreover, Link Financial must take into account your circumstances when considering an offer.
As a general rule, debt collectors accept 75% of the true value, so that’s a good starting point.
You should consult a debt expert if you have any doubts about a settlement offer. Also, don’t sign, admit, agree or pay anything until you do.
Thanks for reading my post. I hope the information helps you decide on a Link Financial debt settlement offer!
How to beat Link Financial debt 